Macy's lifts 4Q outlook on strong January sales

Macy's is raising its fourth-quarter adjusted earnings forecast due to its strong performance in January.File photo

Associated Press

CINCINNATI -- Macy's is raising its fourth-quarter adjusted earnings forecast due to its strong performance in January.

Shares climbed nearly 4 percent to $41.01 in premarket trading.

The department store operator, which runs Bloomingdale's and its namesake stores, said Thursday that it now foresees quarterly earnings between $1.94 and $1.99 per share, up from a range of $1.91 to $1.96 per share.

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